Preferred Shares
Find key features of Scotiabank’s preferred shares
Registered holders of Scotiabank preferred shares are eligible to participate in the Shareholder Dividend and Share Purchase Plan to receive dividends in the form of common shares. All outstanding issues of Scotiabank preferred shares are non-cumulative.
Record and payment dates for Fiscal 2023
Series 40
January
Record date: January 4, 2023
Payment date: January 27, 2023
April
Record date: April 4, 2023
Payment date: April 26, 2023
July
Record date: July 5, 2023
Payment date: July 27, 2023
October
Record date: October 3, 2023
Payment date: October 27, 2023
Key features1,2
The following is a summary of some of the key terms of The Bank of Nova Scotia's Perferred Shares. To obtain additional information, please refer to the respective prospectus.
Series 40
Ticker Symbol
BNS.PR.I
Issue Price
$25.00
Dividend
$0.303125
Redemption Date
Jan 27, 2024
(and every 5 years thereafter)
Redemption Price
$25.00
Bank CUSIP No.
06415E 30 3
Download Prospectus, Series 40
(PDF: 484.6 kb)
Dividend Taxation
The federal Income Tax Act, and most provincial income tax legislation, taxes Canadian individuals who receive eligible dividends at a lower rate. All of the dividends paid by the Bank of Nova Scotia, and any of its subsidiaries, in 2006 are eligible dividends and all dividends paid hereafter will be eligible dividends unless indicated otherwise.
1
Non-cumulative preferred cash dividends on Series 40 shares are payable quarterly when declared by the Board of Directors on the third business day prior to the end of January, April, July and October of each year.
2
Series 40 shares include the Non-Viability Emergency Capital (NVCC) provisions necessary to qualify for Tier 1 capital in accordance with Basel III requirements.